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Pacira Biosciences Inc

pacira.com

Pacira BioSciences (NASDAQ: PCRX) is a specialty pharmaceutical company that develops and commercializes non-opioid pain therapies. Revenue comes from direct product sales of three commercialized treatments: EXPAREL (bupivacaine liposome injectable suspension), ZILRETTA (triamcinolone acetonide extended-release injectable suspension), and iovera, a handheld cryotherapy device. EXPAREL, the flagship product, generated net product sales of $575.1 million in FY2025, representing 79% of total revenues. ZILRETTA is the first and only extended-release single-shot corticosteroid intra-articular injection for osteoarthritis knee pain. The company is incorporated in Delaware and operates through a California subsidiary, Pacira Pharmaceuticals, Inc., acquired from SkyePharma Holdings in March 2007. The pipeline includes PCRX-201, a gene therapy in Phase 2 clinical development for osteoarthritis of the knee. The company has incurred significant losses since inception and does not pay dividends, per the FY2025 10-K filed February 26, 2026.

Products & Services

EXPAREL (bupivacaine liposome injectable suspension) for postsurgical pain management; ZILRETTA (triamcinolone acetonide extended-release injectable suspension) for osteoarthritis knee pain; iovera (handheld cryotherapy device for drug-free nerve-targeted pain control); PCRX-201 (enekinragene inzadenovec), a gene therapy in Phase 2 development for osteoarthritis of the knee.

Revenue Model

Transactional product sales of three commercialized non-opioid pain treatments. EXPAREL accounted for 79% of total revenues in FY2025 ($575.1 million), 78% in FY2024 ($549.0 million), and 80% in FY2023 ($538.1 million).

Customers & Markets

Hospital and surgical settings for postsurgical pain management; orthopedic and pain management practices for osteoarthritis knee pain. End markets include acute surgical care and chronic joint pain treatment.

Geographic Exposure

Primary operations in the United States. No material geographic revenue breakdown provided in the excerpts.

Financial Snapshot

Revenue
TTM
$746.2M
Gross Margin
TTM
79.24%
Net Income
TTM
$14.64M
Current Assets
2026 Q2
Current Liabilities
2026 Q2
Current Ratio
2026 Q2
504.23%
Total Assets
2026 Q2
Total Liabilities
2026 Q2
Book Value
2026 Q2
$672.0M
Cash
2026 Q2
P/E
TTM
67.70
Free Cash Flow
TTM
$179.5M

Stock Price

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Market Cap: $990.97 Million

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